XRP Price Prediction for December 28

The majority of the coins have returned to the red area, according to CoinMarketCap.

XRP/USD

The price of XRP has declined by 1.64% over the last 24 hours.

On the hourly chart, the rate of XRP is near the local resistance of $2.1761. If buyers’ pressure continues, one can expect a level breakout, followed by a move to the $2.20 area.

On the bigger time frame, traders should focus on the nearest level of $2.1277.

If the price returns to it, the accumulated energy might be enough for an ongoing downward move to the $2.05-$2.10 range shortly.

From the midterm point of view, the picture is more bearish than bullish. If bulls lose the vital $2 zone, there is a possibility of a test of the $1.50 area within the next weeks.

XRP is trading at $2.165 at press time.

Source